This property looks like a bad Mid-Term investment with a projected -7.57% first-year return on $149k initial cash invested.
-7.57%
Cash On Cash
5.17%
Cap Rate
0.78
DSCR
$4,970
Rent
-$940
Cashflow
Cash Flow
$4,970 income − $5,910 expenses = $940 out of pocket
Investment Breakdown
|
Purchase Price
$624k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$125k
Closing costs
1%
$6,243
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,970
Total Expenses
$5,910
Mortgage P&I
69%
$3,431
Property Taxes
12%
$579
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$596
CapEx
4%
$199
Vacancy
3%
$149
Maintenance
4%
$199
Other
11%
$547